Centurion Service Group, LLC

Centurion Service Group, LLC is a specialized auction platform focused on the resale of used medical equipment, enhancing the lifecycle management of medical assets for healthcare providers. Founded in 2001 in the US, Centurion Service Group engages in the auction and resale of surplus medical equipment, primarily serving North American healthcare systems and extending internationally. In December 2020, the company was acquired by TRIMEDX Holdings, LLC from 1315 Capital, with financial terms undisclosed. Centurion Service Group, a TRIMEDX company, specializes in the auction and resale of used medical equipment, optimizing the lifecycle management of medical assets.

The company facilitates the sale of surplus medical devices through live and timed auctions, connecting hospitals, surgery centers, and medical equipment dealers to a global network of potential buyers. Their core offerings encompass a broad range of equipment across over 40 clinical modalities, including portable devices, fixed radiology assets, and biomedical equipment. Centurion serves a diverse customer base, including healthcare systems and medical centers, primarily in North America, but also extends its reach internationally, effectively supporting clients in their operational and patient care needs. Centurion Service Group operates on a transaction-based revenue model centered around auction sales of medical equipment.

Clients, typically healthcare facilities, engage with Centurion to liquidate surplus equipment through scheduled auctions, where they can achieve optimal sale prices by reaching a wide audience of domestic and international buyers. The auction structure allows sellers to benefit from full transparency throughout the selling process, providing visibility into their assets until the completion of sales. Revenue is generated from the successful sale of equipment, with Centurion facilitating the logistics and management of these transactions. The company's operational efficiency in auction management enables it to process over 120,000 equipment sales annually, driving its position in medical equipment disposition.

Centurion Service Group plans to leverage its recent acquisition by TRIMEDX to expand its service offerings and improve market reach. The company intends to explore new product lines in medical equipment resale and enhance its auction platform's technological capabilities. Additionally, it aims to penetrate international markets more aggressively, especially in Europe and Asia, by the end of 2023. The funding received from the acquisition will be utilized to support these initiatives, further solidifying its position in the medical auction industry.